Why Gap, Inc. Stock Jumped Today
Shares of Gap, Inc. (NYSE: GPS) surged today after two analysts upped their price targets on the clothing chain following its restructuring announcement last week. Gap stock closed up 6.4% on the news today.
Analysts at Jefferies raised their price target to $39 from $35 and called the retailer a top pick, while J.P. Morgan lifted its price target from $26 to $27 and maintained its neutral rating on the stock.
Image source: Gap.
Source: Fool.com